Headlines
Paramount … Plus AMG? Byron Allen Makes A Bid
He’s stated on multiple occasions that he seeks to own the largest collection of broadcast television stations in the U.S. Some industry observers question how he’ll be able to do so, from a financial perspective.
Analyst: Byron Allen’s Plan To Buy Paramount, Keep Linear, Sell Studio Increases Chances of a Deal
$30 billion offer pushes Paramount B shares up 12%
Mergers & Acquisitions
Station Trading Roundup: 2 Deals, $520,000
PRICE: $450,000 BUYER: Bridge News LLC (Eric Wotila, founder/president) SELLER: Wireless Access LLC (Glen Faulkner, CEO) FACILITIES: DTV Ch. 17, 15.000 kW, ant. 466 ft. AFFILIATION: IND
It’s Auction Day For Rocking M Media; Debtholders Could Emerge As New Owners
Despite some eleventh-hour squabbling among debtholders about how the proceeds will be divvied up, the bankruptcy auction of the ten remaining Rocking M Media stations is scheduled to take place tomorrow (Feb 1). Interest in the stations is said to be strong, and it is possible that debtholders Belate and Farmers & Merchants Bank of Colby will submit credit bids for the assets.
Television
Fox To FCC: Disregard Latest Philadelphia TV License Flare-Up
Fox Corp. is calling for the prompt renewal of its TV station license in Philadelphia, saying recent attempts to influence the Federal Communications Commission’s review are legally defective in falling outside the agency’s policies and traditions in deciding the merits of a renewal.
Radio
Commercial Radio Station Revenue Must Be Reported to ASCAP, BMI, and SESAC by April 1
We often write about issues concerning the royalties paid by radio stations for their various uses of music. It is not just paying the royalties that are important, but stations must also observe all of all the other obligations under each of their license agreements.
FCC
Nebraska Owner Gets FCC Fine For Several Unauthorized Transfers Of Control
It was not one, but three, unauthorized transfers of control that the Media Bureau discovered when it was recently processing another transfer request filed by the owners of “106 Kix Country” KQKX and “News Talk 780” WJAG in Norfolk, NE.
CTV/OTT
Consumers pay more attention to FAST channels, where reality TV and local news proliferate, studies find
The number of free ad-supported streaming TV (FAST) channels and services has risen rapidly in the past few years, and FASTs are outpacing other modes of viewing when it comes to keeping consumers attentive, findings from separate Samsung and Vizio studies show.
Sales
Starting Your Sellers Right: 9 Steps To Successful Onboarding
Merriam-Webster Dictionary defines the idiom “start on the right foot” as “to begin a relationship well.” Today, hiring good people is a challenge in itself; keeping them is a whole different ballgame.
